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Election jitters apply brakes on new vehicle sales
Toyota Motor Corporation unveils a brand new electric vehicle “Izoa EV” during a press preview in Shanghai, China on April 16, 2019. PHOTO | The Yomiuri Shimbun via AFP
Sales of new motor vehicles dropped marginally in the nine months ended September, with the slowdown linked to the economic uncertainty in the context of the recent General Election.
Formal dealers including Isuzu East Africa, Toyota Kenya, and Simba Corp sold a total of 9,868 units in the review period, according to data from the Kenya Motor Industry Association (KMI). This marked a 1.75 percent drop from 10,044 units the year before.
